Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures trade lower on weak trend overseas

06-May2019

Copper futures trade lower on weak trend overseas

Copper futures traded lower on MCX due to offloading of bets, tracking weak trend at overseas market as the rhetoric in the trade dispute between United States and China escalated, raising concerns of a demand slowdown in the world's biggest metals consumer.

The contract for June delivery was trading at Rs 431.20, down by 0.73% or Rs 3.15 from its previous closing of Rs 434.35. The open interest of the contract stood at 15097 lots on MCX.


Related News

View all news

Copper futures trade lower on trade deal concerns

Copper futures traded lower on Monday, pressured by concerns over the outlook for the global economy and metals demand as Washington and Beijing struggled to salvage a deal to end a bitter trade war. Investors......

Copper futures trade marginally higher on improved demand

Copper futures traded marginally higher on MCX as speculators enlarged their exposure amid improved demand at the spot market. Copper prices gained further by tracking firm trend overseas on hopes of easing......

Copper futures trade marginally lower amid weak global cues

Copper futures traded marginally lower on MCX, as red metal overseas is in negative territory amid mounting tensions ahead of crucial trade talks between the United States and China from Thursday, with......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......